Loans Policy

Who can apply? Who can apply? addremove

Any club registered with Bedforshire LTA.

What can I use the money for? What can I use the money for? addremove

The loan must be used to improve tennis infrastructure at your club.

How will your club measure the success of your project? How will your club measure the success of your project? addremove

You must include in your application how you will measure the outcome from the loan and your project.

What funding is available? What funding is available? addremove

An annual budget of £20k is available for loans to Registered Clubs. Applications will be dealt with on a first come first served basis. Grants will not be made available to clubs.

How much can I apply for? How much can I apply for? addremove

There is a maximum limit per loan of £5k which can be no more than 25% of the value of the project. No club can have more than one loan at any one time.

What are the terms of the loan? What are the terms of the loan? addremove

Loans will be for a maximum of three years, to be paid back in equal half yearly instalments. Loans will be interest free provided the repayment terms are met.

What information will I need to submit with my application? What information will I need to submit with my application? addremove

  • Full detail of the project with full costings and details on how the money will be generated to pay back the loan
  • Applicants will need to submit the two most recent years of annual accounts
  • Copies of your constitution and minutes of the latest annual general meeting
  • Your club’s equal opportunities policy

How long before a decision will be made? How long before a decision will be made? addremove

The applicant will receive a decision within four weeks once all required information has been made available.

Who makes the decision? Who makes the decision? addremove

A sub-committee of the Bedfordshire LTA has been formed to consider applications

What is the process? What is the process? addremove

Once approval has been given, which you will receive in writing, a Loan Agreement will be drawn up containing the agreed Terms and Conditions. Once signed by all parties the funding will be released.

Is there a follow up review? Is there a follow up review? addremove

Whilst the loan is outstanding in full or in part, the club will submit, on the anniversary date of the loan being made, a report to the Bedfordshire LTA on progress on the stated outcomes given in the application.